The emergence of the third generation of web technologies, or Web 3.0, means our lives are once again in the beginning stages of the next digital transformation. While the definition and capabilities of Web 3.0 are still in the early stages, early emphasis has been placed on blockchain-based technologies, decentralized applications, and the use of advanced technologies, such as machine learning and artificial intelligence, to help power the next generation of intelligent and adaptive technologies.
Popular and emerging technological concepts, such as the metaverse, non-fungible tokens (NFTs), and blockchain gaming, are largely seen as trailblazers in the world of Web 3.0. The metaverse is an interactive, virtual world in which users can interact with each other, and create landscapes, objects, and experiences. Each metaverse has its intrinsic economy and currency, which can be used to buy or sell digital real estate, items, NFTs, and more.
While a metaverse does not necessarily need to be run on the blockchain to operate, it does allow for greater access to key features such as NFTs and blockchain gaming. This allows users to earn NFTs, digital tokens, and other virtual items by engaging in interactive video games. Gamers can then exchange their NFTs or crypto tokens for cash, giving blockchain gaming the nick-name of play-to-earn (p2e) gaming.
Blockchain Gaming Continues Positive Growth Amid “Crypto Winter”
Despite the overall pain felt across the cryptocurrency markets thus far in 2022, Web 3.0 businesses have largely not only weathered the storm but continued on their growth path. According to a report by DappRadar, gaming accounted for a record 60% of blockchain activity during July 2022.
“While [decentralized finance] and overall blockchain activity have been on the downside, game Unique Active Wallets (UAW) continues to rise, reaching almost 1 million daily wallets,” noted Pedro Herrera, DappRadar’s head of research.
DappRadar found gaming and metaverse businesses to be the least affected by the Terra Luna failure. During the second quarter of 2022, blockchain games and NFT-related metaverse projects saw transaction count increases of 9.5% and 27% respectively. During the first quarter of 2022, p2e and metaverse projects hauled in $1.7 billion in private investments.
Investing in Web 3.0: 3 OTC Stocks to Watch
There are many different ways to play the emerging trends in Web 3.0. Some investors will immediately think of major metaverse world developers, such as Meta Platforms (NASDAQ: META) and Roblox (NYSE: RBLX). Others may consider companies like Nvidia (NASDAQ: NVDA) that will be key players in providing the necessary semiconductors and parts necessary to power the industry.
Another consideration is to search for small companies and startups that are building their unique games and Web 3.0 infrastructure. With the higher-risk, higher-reward option in focus, here are three OTC-listed stocks that are paving their path into Web 3.0:
Zuki, Inc. (OTC Pink: ZUKI)
The Las Vegas-based company is on a mission to “gamify everything,” from sports and entertainment to family history and health. Zuki is focused on building the “Zukisphere,” which will be powered by innovative technologies and topics. Here is a current breakdown of the different components of the Zukisphere thus far, which has largely been powered by a strategic mergers and acquisitions strategy.
- ZUKI.APP (USA), a crypto-fueled, play-to-earn (“P2E”) game platform designed to engage family, friends, and fans alike.
- Delivery Drop (UK), a fast-growing, feature-rich, on-demand delivery app operating in the United Kingdom.
- GTR24H (Denmark), a dynamic, leading European sim endurance eRacing games and eSports broadcasting platform for drivers, teams, and eSports fans with worldwide media reach.
- Moneyball (Portugal), the first artificial intelligence (AI)- powered TV ads management platform, connecting sporting organizations, clubs, teams, and other influencers (large and small) and the brands who sponsor them with their fans and followers.
- BillionGraves (USA), a genealogical tech play helping over 1.5 million professional genealogists and family history enthusiasts geolocate and document death and other vital graves in an elegant, simple, and highly effective way.
- D-LIFE (USA) is AI-powered metabolic health, nutrition, and exercise app, which includes 124 AI algorithms designed to help users make great health, nutrition, and exercise decisions based on medical science.
Zuki is nearing the completion of its highly-anticipated p2e gaming platform, which will serve as the initial core of the Zukisphere. The platform will enable influencers and gamers to interact through gaming and earn prizes, such as Zuki tokens or NFTs, which can be staked on the Zuki Staking Platform to earn interest on their rewards, or redeemed for cash in their currency of choice. To learn more about Zuki, its p2e game, and the Zukisphere, please visit https://www.zuki.app.
The Web 3.0 company recently released second quarter 2022 financial results, which demonstrate the progress being made over at Zuki. Total revenues were reported at $542,073 during Q2 2022, compared to zero revenue during the same period last year. Total assets ballooned to nearly $11.36 million, while total liabilities totaled $3.59 million during the quarter.
During the second quarter of 2021, Zuki reported total assets of $918,980 and total liabilities of $780,890. In other words, Zuki’s net worth has grown from $138,090 during Q2 2021 to $7.77 million, as of June 30, 2022. That is an astounding increase of 5,527% year-over-year.
Good Gaming, Inc. (OTCQB: GMER)
Good Gaming, Inc. is a Pennsylvania-based company that is focused on developing and maintaining a portfolio of video games across a range of different platforms and genres. In 2021, the company entered into the blockchain gaming and metaverse world through its acquisition of MicroBuddies, a virtual world experience that features fun quests, contests, and competitive games. Users can earn and use GOO tokens, which are the unique currency to MicroBuddies.
In June 2022, Good Gaming announced the expansion of MicroBuddies into Roblox. This gives the company access to Roblox’s massive user base, which will open strategic avenues for Good Gaming to leverage the MicroBuddies intellectual property. Management says the official launch date for MicroBuddies on Roblox will be announced in the coming weeks.
“Our entrance into the metaverse is a significant event in the ongoing evolution of MicroBuddies,” said David Dorwart, Chairman and CEO of Good Gaming. “With its millions of daily active users globally, over half of them now over 13 years old, Roblox represents a tremendous opportunity for us to accelerate the growth of MicroBuddies through its well-established community. We believe this will be the first of many expansions of MicroBuddies onto new platforms that enable us to greatly broaden our target demographic.”
NFT Technologies, Inc. (OTC Pink: NFTFF) (NEO:NFT)
Based out of Vancouver, British Columbia, NFT Technologies is focused on developing infrastructure, assets, real estate, and intellectual property within the metaverse. In addition, the company is focused on building and generating revenue from blockchain gaming apps. The company’s current projects include the GOAT Guild and Fuku.
NFT Tech has been busy in recent weeks. The company just announced a multi-year deal with World Table Tennis, which will be focused around leveraging Web 3.0 strategies to engage its global fan base. The deal reportedly includes digital collectibles, metaverse experiences, gaming, and more. World Table Tennis has a global fan base of 519 million people and operates 50 global events per year.
In addition to World Table Tennis, NFT Tech says it has entered into similar multi-year contracts with Sony Sports, the Australian Open, and Elvis Presley Enterprises. The company has already launched its successful Australian Open NFT project, which sold out in only three minutes and generated $3 million AUD.
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